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A New $ERA: The Caldera Token
As the Ethereum ecosystem expands into an increasingly large number of rollups, rollup abstraction becomes increasingly important. Caldera’s metalayer is the rollup abstraction layer.
Caldera’s native utility and governance token,$ERA, serves to power this layer.
Utility
Omnichain gas token
ERA is used as the standard gas token for operations on the metalayer. On the metalayer, transactions that initiate cross-chain interactions, as well as data propagations across chains, will incur a fee denominated in $ERA.
Staking and Subnets
Nodes that wish to participate in the Metalayer will be required to stake $ERA. A proof-of-stake or restaking consensus mechanism on these ERA tokens will be run, such that a node’s participation in the metalayer will be relative to the amount off ERA tokens staked or delegated to that node.
Utility-specific subnetworks may be created atop or alongside the metalayer, in order to provide specific functions to rollups. For example, a subnet might be created to generate and propagate zero-knowledge proofs on-chain, for rollups that require them. These networks will also use the ERA token to power proof-of-stake consensus.